Citigroup says it has no plans to cut dividend

JohnSpence

BOSTON (MarketWatch) -- Citigroup Inc.
C, -1.05%
in a filing Monday with the Securities and Exchange Commission said contrary to speculation, it has no current plans to cut its quarterly dividend. Citigroup said "while significant uncertainty continues to prevail in financial markets, it expects, taking into account maintaining its current dividend level, that its capital ratios will return within the range of targeted levels by the end of the second quarter of 2008." As a result, the company "has no plans to reduce its current dividend level."

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